The half-price private equity sale

Those looking to free up capital via the secondaries market are facing a collapse in the value of their assets unless they're diversified

VALUE DESTRUCTIONHow private equity funds' values tumbled in 2008

First quartile funds Fourth quartile funds
31/12/07 20/10/08 Change 31/12/07 20/10/08 Change
(% of NAV) (% of NAV) (% of NAV) (% of NAV)
Buyout 100.6 86.95 -13.5% 59.61 41.36 -30.6%
Venture 100.07 90.96 -9.1% 54.84 34.27 -37.5%
Funds of 85.39 73.26 -14.2% 38.83 21.15 -45.5%
funds